Unify Financial Advisors Weekly Market Update
Markets ended the week on a positive note, supported by cautious optimism over U.S.-China trade developments and a stronger-than-expected job report. The S&P 500 rose 1.50%, hitting its highest level since February.
April’s trade report, released June 5, showed the deficit narrowed sharply by 55.5%, driven by a 3.0% rise in exports and a 16.3% drop in imports. Despite this monthly improvement, the trade gap is still up 65.7% from a year ago. The unemployment rate held steady at 4.2%, but downward revisions for March and April showed potential weakness on the horizon.
Looking Ahead
This week’s releases of the Consumer Price Index (CPI) and Producer Price Index (PPI) will provide fresh inflation readings, which will influence future Federal Reserve policy decisions.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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David Bennett